CDLKICKINGBYLENGTH
Type:
cdlkickingbylength• Category:indicators
Description
Kicking by length
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | prices data | no | |
open | string | no | ||
high | string | no | ||
low | string | no | ||
close | string | no | ||
pattern | string | no | "CDLKICKINGBYLENGTH" |
Help
CDLKICKINGBYLENGTH
Description
The CDLKICKINGBYLENGTH indicator, also known as "Kicking by length," is a technical analysis tool used in financial markets. This indicator is designed to identify potential trend reversals or continuation patterns based on the relationship between the opening, high, low, and closing prices of a security.
What does this worker do?
The CDLKICKINGBYLENGTH worker analyzes price data to detect specific candlestick patterns that may indicate a change in market direction or a continuation of the current trend. It takes into account the length of the candlestick bodies and shadows to determine the significance of the pattern.
How to interpret the results
The CDLKICKINGBYLENGTH indicator generates signals based on the identified patterns. A bullish signal is generated when the indicator detects a kicking by length pattern that suggests a potential upward movement in the market. Conversely, a bearish signal is generated when the pattern suggests a potential downward movement.
Usage
To use the CDLKICKINGBYLENGTH indicator, simply apply it to your price data, specifying the necessary parameters:
dataExp: The price data to be analyzed.open: The opening prices.high: The highest prices.low: The lowest prices.close: The closing prices.pattern: The specific pattern to be detected.
Interpretation and Knowledge
The kicking by length pattern is a type of candlestick pattern that involves two candles with specific characteristics. The first candle has a small body and a long lower shadow, while the second candle has a large body that gaps away from the first candle. This pattern can be either bullish or bearish, depending on the direction of the gap.
Bullish Kicking by Length
A bullish kicking by length pattern occurs when the second candle gaps upward from the first candle, indicating a potential reversal of the downtrend.
Bearish Kicking by Length
A bearish kicking by length pattern occurs when the second candle gaps downward from the first candle, indicating a potential continuation of the downtrend or a reversal of the uptrend.
Visualizing the Indicator
For a better understanding of how to use the CDLKICKINGBYLENGTH indicator, refer to the following images:
Full Indicator Usage
[](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)
Short Indicator Usage
[](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)
By incorporating the CDLKICKINGBYLENGTH indicator into your technical analysis toolkit, you can gain a deeper understanding of market trends and make more informed trading decisions.